Topic: Investing for the long term in an altcoin is good idea? - page 16. (Read 3858 times)
How long are we talking here? Like a year or a few month? It very hard to hold altcoin for a year or so.
Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.
Is it a good approach to stay invested for long term in the altcoin space?
Is it a good approach to stay invested for long term in the altcoin space?
I think earlier this year was a great start for some altcoin. while for bitcoin will tend to stabilize in early 2018. and altcoin will be in the pump.
I think the bitcoin is promising, it is ok for long term investment, but recently, there are more and more forked coins, such as bitcoin cash, bitcoin gold and bitcoin diamond. I am a little worried these forked coins will destroy the btc.
Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.
Is it a good approach to stay invested for long term in the altcoin space?
Is it a good approach to stay invested for long term in the altcoin space?
I think earlier this year was a great start for some altcoin. while for bitcoin will tend to stabilize in early 2018. and altcoin will be in the pump.
surely, investing in altcoin for the long term is an advantage. selected altcoin must be of good quality, and have good altcoin condition,seeing the journey a program from altcoin to be right way to predict the interest value from buyer .
Investing in long term with top 10 altcoins is the good idea. Both of them are valuable and have a big market cap. But with small altcoins, you should trade in short term
Yes! it is absolutely a good idea to invest in altcoin for long term because the market prices is still unstable and several altcoin can spring a surprise in this situation like Bitcoin is currently doing.Eth will be the major part of my long-term portfolio possibly reaching 50% of my crypto stack. It is the first cryptocurrency which has actually working smart contracts, huge and still growing community, and it has the best team in terms of quality and quantity.Others are LiveEdu, monero,Dash are also important for my long-term portfolio.
Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.
Is it a good approach to stay invested for long term in the altcoin space?
Is it a good approach to stay invested for long term in the altcoin space?
I agree with you, I bought a lot of altcoin and kept it in my wallet. I think earlier this year was his time for altcoin to ride up and pump.
Depends on which coin you are investing as there are many shit coins and if you are investing in it then its not a great idea to hold it longer as it can disappear at any time but if you have invested in reputed coin like ETH then you can afford to hold if for a long term.
Yes,only if you inverse in reputed altcoin means,you are safe.Many new altcoin is created and reach some how and then it's disappear. It's due to the potential of that coin.So if you have a idea to inverse in altcoin means better choose the reputed altcoin such as ETH, Waves,lite coin.
This is depend on the fundamental of the altcoin, but will more profitable if we doing day trade to increasing amount of Bitcoin. Some altcoin that good in fundamental will be more profitable and less risk for longterm investment just like : ETH, DASH, LTC, WAVES. And by make investment by portfolio 70% Bitcoin and 30% altcoin will be more safe and more profitable.
With bitcoin right now having a price of $10k. It would be hard for it to go another x10 and that would be $100k per bitcoin.
On the other side, altcoins can easily go x4 and x5 if they are great projects. Like Kyber x4, chainlink x5 and QSP x4 right after ICO.
For now, one of the great ICO with huge potential is Appcoins, where it already have working product: Aptoide. With 200 million active users, when the protocol for Appcoins is ready, they can easily reach out to millions of user to use Appcoins tokens for payment to merchandise.
On the other side, altcoins can easily go x4 and x5 if they are great projects. Like Kyber x4, chainlink x5 and QSP x4 right after ICO.
For now, one of the great ICO with huge potential is Appcoins, where it already have working product: Aptoide. With 200 million active users, when the protocol for Appcoins is ready, they can easily reach out to millions of user to use Appcoins tokens for payment to merchandise.
I think that's why it's good time for investing on altcoin right now. Altcoin price is on red right now because of the bitcoin price increase, so invest your money into altcoin right now when the price still below and when the bitcoin price going down you can sell your altcoins to get profits
Depends on which coin you are investing as there are many shit coins and if you are investing in it then its not a great idea to hold it longer as it can disappear at any time but if you have invested in reputed coin like ETH then you can afford to hold if for a long term.
With bitcoin right now having a price of $10k. It would be hard for it to go another x10 and that would be $100k per bitcoin.
On the other side, altcoins can easily go x4 and x5 if they are great projects. Like Kyber x4, chainlink x5 and QSP x4 right after ICO.
For now, one of the great ICO with huge potential is Appcoins, where it already have working product: Aptoide. With 200 million active users, when the protocol for Appcoins is ready, they can easily reach out to millions of user to use Appcoins tokens for payment to merchandise.
On the other side, altcoins can easily go x4 and x5 if they are great projects. Like Kyber x4, chainlink x5 and QSP x4 right after ICO.
For now, one of the great ICO with huge potential is Appcoins, where it already have working product: Aptoide. With 200 million active users, when the protocol for Appcoins is ready, they can easily reach out to millions of user to use Appcoins tokens for payment to merchandise.
When choosing altcoins for long term investment, research them first so you can choose the best altcoins that really has the best chance to grow in long term. Their past performances will also reveal how far the altcoin will go when it come to price acceleration.
choosing the best one and make a deep study on it are the best thing to do for cause if may not you may have a chance to loose it cause i believe for the potential of the some coin that any of it are best for long term but before picking up for what will be the best you may have a research on it fro you to be a winner.
yeah it is good idea but you must be smart for investing,
If you mean "long term" is longer than 2-3 years, I think definitely. While past performance does not perfectly predict future behaviour, we can see a common thread in many of the successful ICOs. Supply is fixed, demand is growing, price goes up.
alt-coins are very volatile, over the long term this volatility is much less noticeable. If they appreciate enough that you can get your original investment back and still keep some as long term hold, you will have a smart strategy that mixes growth and reduces risks.
alt-coins are very volatile, over the long term this volatility is much less noticeable. If they appreciate enough that you can get your original investment back and still keep some as long term hold, you will have a smart strategy that mixes growth and reduces risks.
I think there is money to be made in altcoins long term. You just have to find the right ones. There are a few good projects out there that I think have great potential but there many more that are pure crap. Best approach is too read up and learn before you invest long term. Bitcoin is the go to, that’s where I have the bulk of my investment currently. Most altcoins tend to be pump and dump
There is money to be made though just be diligent
There is money to be made though just be diligent
When choosing altcoins for long term investment, research them first so you can choose the best altcoins that really has the best chance to grow in long term. Their past performances will also reveal how far the altcoin will go when it come to price acceleration.
There are many altcoins out there and choosing the right one is really a tough choice but if you look in this forum or search it there are some known altcoin that is making progress. Mostly, they have decent projects which make their coins attractive and many investing on them, it is more recommendable to invest in those ones than investing with new altcoins which there is no guarantee that it will be successful. For me in my opinion, don't invest for long-term but if you want to invest for a very long term would recommend BTC and ETH.
Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.
Is it a good approach to stay invested for long term in the altcoin space?
Is it a good approach to stay invested for long term in the altcoin space?
Taking into account the great potential of the altcoin market, there will always be the possibility of obtaining a great return when investing in an altcoin, however it is necessary that you study which currency can offer you the profit potential you are looking for, since the market is capricious and not necessarily the currencies with better features obtain the endorsement of the market that one would expect, while other altcoins that do not offer anything innovative sometimes can obtain a great endorsement of the market, as we can observe in the case of BitcoinCash.
Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.
Is it a good approach to stay invested for long term in the altcoin space?
I think that now is the time the market will soon turn around and go towards altcoins Is it a good approach to stay invested for long term in the altcoin space?
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